FX.co ★ Trading idea for EUR/USD

Long positions were supposed to be set from 50% Fibonacci yesterday, however, the quote failed to follow the scheme, refusing to raise EUR/USD on the chart.

Thus, the best option now is to reduce the risk, moving stop loss from 1.17800 to 1.17950.

In addition, below are targets for a decrease, that is, news highs behind which the bulls hide the risks:

Such follows the classic and trusted Price Action and Stop Hunting strategies, with which traders have to control risks so as to avoid reducing or losing profit.

Best of luck!